News

Dublin, Ireland based aviation leasing specialist Avolon has delivered a strong set of 3rd quarter results showing an 8% increase in leasing revenue. The company made $588m from leasing the 3rd quarter of 2023 compared to $546m in the same period of 2022. During that period Avolon executed 43 lease [read more]

Virgin Atlantic has touched down in Dubai for the first time since it last operated flights to the UAE in 2019. The four-weely service from London Heathrow (LHR/EGLL) recommenced on the 30th October and ground handling agents dnata were on hand to greet the first flight. The flight is being [read more]

Icelandic airline PLAY has made a net profit of $5.2m in the 3rd quarter of 2023, its strongest quarter to date, according to results announced today. The profit is an increase of 84% on tbe same quarter last year when it made a loss of $2.9m Operating profit up was [read more]

Aer Lingus has announced it is adding extra capacity between Manchester and Barbados due to demand for the transatlantic route. Flights from Manchester to Barbados operates three times per week but direct flights now extended until 31st May 2024, originally they were due to end in early April. Dublin to [read more]

US ultra-low-cost carrier (ULCC) Southwest Airlines has placed an order with Boeing for an additional 108 Boeing 737 Max 7 airliners. The new aircraft will replace older generation 737s at the all Boeing airline, increase fuel efficiency, and grow its route network. The move shows confidence in the Boeing 737 [read more]

The first of sixteen new surveillance drones for the Royal Air Force (RAF) has been delivered to RAF Waddington in Lincolnshire where they will be based. The Protector RG Mk1 (MQ-9B) is the next generation of unmanned aerial vehicles (UAV) from the Reaper (MQ-9A) and as well as its primary [read more]

US Aerospace giant Boeing has reported $0 in operating cashflow in the 3rd Quarter of 2023 despite revenues of $18.1bn. This doesn’t mean Boeing has not got any cash of course, results showed reserves of cash and investments of $13.4bn, albesit down from the beginning of the quarter. Beoing says [read more]

The iconic, and sometimes controversial, Chief Executive Officer of Qatar Airways Akbar Al Baker has announced he is stepping down from the airline after 27 years at the top. Al Baker oversaw the growth of the Gulf carrier from a small fleet of just a few planes to a 5-star [read more]